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DK Goel Solutions Q 78 Chapter 3 Accounting Ratios Class 12 CBSE [2023-24]

Question 78 of 120Chapter 3Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 78, Chapter 3 Accounting Ratios, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 78

Calculate the amount of Opening Trade Receivables and Closing Trade Receivables from the following particulars :

  1. Cost of Revenue from Operations (Cost of Goods Sold) : ₹ 9,00,000
  2. Gross Profit on Revenue from Operations (Sales) : 25%
  3. Cash Revenue from Operations : 20% of Credit Revenue from Operations
  4. Trade Receivables Turnover Ratio : 5 Times

Closing Trade Receivables were 3 times than that in the beginning.

DK Goel Class 12 Accounting Ratios Question 78

Solution

Solution of Q 78 Accounting Ratios DK Goel 2023-24 part 1
Solution of Q 78 Accounting Ratios DK Goel 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 78 Accounting Ratios DK Goel 2023-24 part 3
Solution of Q 78 Accounting Ratios DK Goel 2023-24 part 4
Solution of Q 78 Accounting Ratios DK Goel 2023-24 part 5
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About this solution

This is Chapter 3 Accounting Ratios of DK Goel For 2024 Examinations.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.

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